“It is a disservice to the American people to act as if inflation is a new phenomenon,” Manchin wrote in a press release. “The Federal Reserve and the Administration failed to act fast enough, and today’s data is a snapshot in time of the consequences being felt across the country.”
The Labor Department released numbers on Tuesday showing the consumer price index soared 8.5 percent in one year, the largest year-over-year increase since 1981. Biden’s 40-year-high inflation will reportedly cost consumers an extra $5,200 in 2022.
“Instead of acting boldly, our elected leaders and the Federal Reserve continue to respond with half-measures and rhetorical failures searching for where to lay the blame,” Manchin stated about Biden’s unwillingness to accept responsibility.
Indeed, the White House has refused to take responsibility for the 40-year-high inflation. What it once called “transitory inflation” is now “Putin’s price hike.” Before that spin, CNN dubbed inflation as “good,” which the Washington Post noted some preferred to reframe as “corporate greed.”
Manchin then circled back and walloped Biden again by suggesting his costly “Build… (Read more)